Strong antifraud controls include:
A) segregation of duties
B) job rotations
C) mandatory vacations
D) all of the above

Question

Quizplus · Accepted Answer

All of the choices are strong antifraud controls in their own right.

- Segregation of duties involves dividing key tasks and responsibilities among separate individuals to ensure that no single person has control over an entire process or transaction. This helps prevent fraud by making it more difficult for one person to carry out a fraudulent act without detection.
- Job rotations involve periodically reassigning employees to different roles or departments, which can help prevent fraud by reducing the likelihood that an employee will become too comfortable or familiar with their current duties and begin to exploit weaknesses in the system.
- Mandatory vacations require employees to take time off from work on a regular basis, so that others can review their work and identify any irregularities or errors. This can help prevent fraud by ensuring that no one person is able to carry out a fraudulent act over an extended period of time without detection.

Strong Antifraud Controls Include